European Central Bank President Christine Lagarde has said that the new 2% symmetric inflation target means that level is not a ceiling. The ECB abandoned its “below, but close to 2%” target in its strategic review published earlier.

There were 373,000 initial claims for unemployment benefits in the US during the week ending July 2, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading more than the market expectation for a reading of 350,000 and followed last week’s upwardly revised reading of …

Gold fell in Thursday morning in Asia as investors continued to digest the US Federal Reserve’s meeting minutes from the latest policy meeting. A stronger dollar and lower US Treasury yields also limited the yellow metal’s gains. However, the US dollar index and bond yields fell at the beginning of …

The European Central Bank has shifted to a symmetric inflation target of 2% contrary to a ceiling at that level, the decision was fully expected by markets. The ECB stated it would allow short-term deviations from that goal, including a moderate spell above target. This is a step back from …

Japanese Prime Minister Yoshihide Suga approved the declaration of a state of emergency in Tokyo Thursday, July 8, in preparation for the Olympics scheduled to begin in two weeks. The declared state of emergency will continue until the end of the Olympic Games, due to fears that the organization will …

German exports rose again in May by 0.3%, indicating a continued recovery in Europe’s largest economy. The German Federal Statistics Office said Thursday, July 8 that seasonally-adjusted exports rose 0.3% month-on-month, after a downwardly revised 0.2% increase in April. Imports also rose by 3.4% month-on-month in May, topping Reuters expectations, …

Oil prices continued to plummet, amid uncertainty about the outlook for the OPEC+ agreement and output policies. Major producers are in disagreement about extending the current output cuts, which are gradually being eased, with recent talks about quotas and production levels not leading to a consensus. Brent crude futures for …

Japanese stocks fell Thursday, July 8, before the country announced the re-imposition of a state of emergency to contain the rise in COVID-19 cases, which raised fears of an economic slowdown. The benchmark Nikki index fell by 0.88% to its lowest closing level in more than two weeks at 28,118.03 …

Mixed trading dominated the Nasdaq Composite Index during the US session of the previous session, recording its highest level at 14,882, while the lowest around 14,725. On the technical side today, we tend in our trading to the positive, but with caution, relying on the stability of the daily trading …

The current movements of the German DAX index are witnessing positive trading and the index is hovering around its highest level of 15,700. On the technical side, and with the index’s success in building support floor at 15,630 and in general above 15,570, which is accompanied by the continuation of …